Gray Line Montreal Explained

Gray Line Montreal
Parent:Variant Equity Advisors
Founded:1982
Headquarters:Montreal
Service Type:tour bus, double-decker bus
Alliance:Coach USA
Operator:Coach Canada

Gray Line Montreal, although a member of the Coach Canada family, is an independently managed operation,[1] that also formerly carried the brand of Stagecoach Montréal.[2] They run a fleet of coaches and double-decker buses in and around Montreal, under the banner of Gray Line Worldwide sightseeing tours, offering city tours and trips to Quebec City. Although departures are mostly at the Dorchester Square/Peel Street location, some of the routes offer hop-on hop-off convenience.

History

Autocar Connaiseur was founded in 1982 by Lorenzo Calce, a former vice-president of Murray Hill Limousines, operating charters and Gray Line sightseeing tours in Montreal. In 1997 the company, which had grown to a fleet of over 100 buses, was sold to Coach USA[3] the North American division of Stagecoach. Approval under the Investment Canada Act was given in October 1999, for Stagecoach to acquire Autocar Connaisseur of Montréal.[4]

The parent of each of the Connaisseur Group of companies is 3329003 Canada[5] a non-carrier owned by Coach USA. Gray Line Montreal was included in the April 2019 disposal by Stagecoach of its North American operations to Variant Equity Advisors.[6] [7] [8] [9]

In June 2024, Coach USA filed for Chapter 11 bankruptcy, blaming corporate impact caused by the COVID-19 pandemic. The company has plans to sell its assets, and has planning to sell its Megabus and Avalon Transportation subsidiaries to Bus Company Holdings, a unit of the Renco Group.[10]

Notes and References

  1. Web site: Grayline Montreal - about us . 2008-04-11 . https://web.archive.org/web/20080329234623/http://www.coachcanada.com/info/montrealsightseeing/ftr.aboutus.asp . 2008-03-29 . dead .
  2. http://www.showbus.co.uk/gallery/foreign/canada/stagemont.htm Showbus Gallery
  3. http://shangtai.it45.com/busdeals/history.html A BRIEF HISTORY - Lorenzo & Roberto Calce
  4. http://investcan.ic.gc.ca/oct99.htm Investcan: Decisions, October 1999
  5. http://www.stb.dot.gov/decisions/ReadingRoom.nsf/UNID/7710113128780BD8852566FF005B9770/$file/29912.pdf Surface Transportation Board: STB Docket No. MC-F-20943
  6. https://www.stagecoach.com/media/news-releases/2018/2018-12-19.aspx Sale of North America Division for Estimated Enterprise Value of US$271M
  7. https://cbwmagazine.com/stagecoach-sells-off-north-american-division-for-271m/ Stagecoach sells off North American division for $271m
  8. Stagecoach agrees to sell Coach USA Buses issue 767 February 2019 page 6
  9. https://web.archive.org/web/20190418100920/http://otp.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1253284 Completion of North America sale
  10. Web site: Coach USA files for Chapter 11 bankruptcy in Delaware. June 11, 2024. June 11, 2024. Bloomberg Law. en.